To politicians who say we're in such a bind now, you have to look at what the politicians did. The reason they can't afford these plans is that in many cases they enjoyed pension holidays, and now they have to catch up.
There are not yet any comments on this quote. Why not register / login and be the first?
This quote is just one of 2 total Frederick Nesbitt quotes in our collection. Frederick Nesbitt is known for saying 'To politicians who say we're in such a bind now, you have to look at what the politicians did. The reason they can't afford these plans is that in many cases they enjoyed pension holidays, and now they have to catch up.' as well as some of the following quotes.
These unfunded liabilities are not a big problem. We have 40 or 50 years to recoup the money through investments. A person who owes $400,000 on a mortgage wouldn't say, 'Oh, my God, we're doomed,' because they know they have 30 years to pay it off.
To politicians who say we're in such a bind now, you have to look at what the politicians did. The reason they can't afford these plans is that in many cases they enjoyed pension holidays, and now they have to catch up.
This quote is just one of 2 total Frederick Nesbitt quotes in our collection. Frederick Nesbitt is known for saying 'To politicians who say we're in such a bind now, you have to look at what the politicians did. The reason they can't afford these plans is that in many cases they enjoyed pension holidays, and now they have to catch up.' as well as some of the following quotes.